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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Thursday, July 10, 2025

Appraisal council set up for Sapa airport project’s pre-FS

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HCMC – Prime Minister Nguyen Xuan Phuc has decided to establish an appraisal council for the pre-feasibility study (pre-FS) of the Sapa airport project in the northern upland province of Lao Cai, with a total investment of VND5.9 trillion, reported the Dan Tri news site.

The Ministry of Planning and Investment is the standing unit of the council, with its minister serving as the president of the council and its deputy minister as vice president. Other members are leaders of various ministries, the State Bank of Vietnam and the provincial government.

The council has been tasked with appraising the pre-FS and submitting it to the prime minister to consider and approve the investment of the project.

Besides this, it has to make decisions on the appraisal plan and the relevant issues during the appraisal process as well as request the competent agencies to provide it with materials to serve the appraisal.

Earlier, the provincial government had proposed the prime minister consider and approve a master plan for building the Sapa airport under the public-private partnership format and the build-operate-transfer contract.

According to the approved master plan, the Sapa airport will be developed on some 371 hectares of land in the Cam Con Commune of Bao Yen District. Once completed, the project is expected to serve 2.5-3 million passengers per year. It will be used for both civil and military purposes.

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